Standard Cup and handle Pattern on Weekly Chart. Retracement from key dual supports. Downside is almost arrested. Low Risk High Reward. Slow Mover. Momentum will pick up later as MACD is turning bullish too.
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Don't panic if invested. Markets are retracing. 360-380 is a strong support zone.
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360-380 indeed was the strong support. Rallied and made a Pole-Flag pattern in the form of a cup. Indications show further up move.